The problem for me was 2012 to 2017 I did not believe it as much as I should have.
By the way, I had meant to send and smerit to your other post, not this post.. .
It was this one:
....... I do ask these questions quite often. With involvement of multiple partners/investors ........
Anyhow, I just want to say, that surely you likely did warm up to BTC more after 2017, but still, you have never really been much of an accumulator and holder, which likely would have also worked quite well after 2018.. ..
So, I am somewhat sorry to say, that you are kind of deluding yourself to proclaim that you made some kind of a major transformation after 2017 to become more of a Bitcoin believer, and sure relatively speaking you likely made progress, but it was not the kind of progress that could have gotten you set up pretty decent if you would have had realized in 2017/2018 to really get serious about BTC accumulation, such as shooting for some kind of a target in which your quasi-liquid investment portfolio would have been able to reach 15% or more within a year of converting into bullish..
So let's even say that you got bullish about bitcoin around the top of the 2017 BTC price run, you could have pretty much front loaded and invested into bitcoin starting from the 2017 top and spread your entry over the whole year of 2018 and perhaps even leaking a bit into 2019, and really gotten to a point of stacking up some sats.. .. and you can do the calculations for yourself in terms of figuring out what would have been around 15% of your quasi-liquid investment portfolio and spread out the DCA over 12-18 months from whatever timeline that you would have had started.. and if you want I could do the numbers for you...
If we go from October 1, 2017 and if our budget was $79k between October 1, 2017 until April 2019 (that's 18 months of DCA).. and then after March 2019, we just invested at $100 per week until now. Ok. I cannot resist..
Here it is
$1k per week for 18 months between 10/1/2017 and 3/31/2019 would be $79k invested and 12.93 BTC, and then if we did
$100 per week from April 1, 2019 until present that would be $26,800 invested and about 1.5566 BTC.So that would be a total fo $105,800 invested and 14.4966 BTC. That surely would not be a bad place to be, and you could just start cashing out around 4-10% per year and/or maybe using raking too.
[edited out]
FTFY.
All solid investors advice is following what i said in opposition of what you said.
https://www.investors.com/how-to-invest/investors-corner/when-to-buy-stocks-by-following-the-stock-market-trend/If you buy stocks during a market uptrend, you greatly improve your chances of being right. But if you buy as the market indexes are in a downtrend, the odds turn against you, increasing your risk and the likelihood of being wrong.
The reason that you might have had some success doing the opposite may lie in the overall strong trend UP in bitcoin, so bitcoin essentially papers over your "mistakes".
Rather than repeating what I already said. I will agree to disagree, and reiterate that you and investors.com happen to be wwwwrrrrroooonnnngggggg..
Poll
